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Against the backdrop of the protracted war in Ukraine, the gap between the elite and the middle class continues to widen. While ordinary citizens face rising taxes and utility tariffs, the wealthiest Ukrainians display opulence.
One striking example is Mikhail Bakunenko, former head of Ukrnaftoburivnya, who recently became the owner of a brand-new Rolls-Royce Spectre worth approximately $500,000. However, this is merely the tip of the iceberg of his high-profile stories.
Mikhail Bakunenko, who previously headed Ukrnaftoburivnya, found himself at the centre of corruption investigations. This gas extraction company was linked to Igor Kolomoyskyi and former MP Vitaliy Khomutynnyk. In February 2023, law enforcement uncovered a scheme for the illegal extraction of gas at the Sakhalynskoye field in Kharkiv Oblast. The court froze the company's corporate rights, and Ukrnaftoburivnya was placed under the management of ARMA. In the summer of 2023, Bakunenko was dismissed from his post, but soon took the helm of the British company JKX Oil & Gas, also linked to Kolomoyskyi.
The electric Rolls-Royce Spectre, registered in March 2024 under the name of EnergoHub LLC, was directly linked to Mikhail Bakunenko through beneficiary Yaroslav Verbovskyi. The same firm is registered at an address where his wife Lilian's companies are located, which are situated next to the NABU office. Lilian is the registered owner of approximately 20 firms, some of which are linked to sanctioned businessman Pavlo Fuchs.
An investigation revealed that Mikhail Bakunenko and his family hold multiple citizenships: Ukrainian, American, Israeli, and Italian. For instance, documents from JKX Oil & Gas dated 2017 state that he is a US citizen. In 2018–2019, he identified himself as an Israeli resident in Tel Aviv.
Mikhail's wife, Lilian Bakunenko, also holds Russian citizenship, which led to the freezing of her companies' accounts. She later provided a certificate of renunciation of Russian citizenship, but investigators continue to believe that she still possesses Russian passports.
Bakunenko is registered to vote in the state of Florida, US, where he owns a luxurious oceanfront estate. The property is valued at $3.3 million. His children are also registered at this address and are the owners of several companies.
In 2022, journalists spotted Bakunenko in Courchevel driving a luxury Rolls-Royce. In 2024, he added the latest model to his fleet. Meanwhile, he maintains ties with sanctioned businessmen and continues to feature in high-profile investigations.
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